70+ Family Quantitative methods Version 1

Version 3
Question 1
Selena would like to study the weekly average income of people below the poverty level. The data she is going to collect will be :

1. 
   Nominal
   
2. 
   Ordinal
   
3. 
   İnterval
   
4. 
   Ratio
   
5. 
   None of these
   

Question 2
Selena would like to study the weekly average income of people below the poverty level. The data she is going to collect will be :

1. 
   Qualitative and discrete
   
2. 
   Qualitative and continuous
   
3. 
   Quantitative and discrete
   
4. 
   Quantitative and continuous
   
5. 
   None of these
   

Question 3
The table below shows the number of toys sold per day. Find the median.

Number of days	Number of toys
7	19
4	7
5	15
12	9
9	11

1. 
   19
   
2. 
   11
   
3. 
   5
   
4. 
   9
   
5. 
   None of these
   

Question 4
Choose the correct statement.

1. 
   Variance and range are measures of location
   
2. 
   Range and IQR are measures of dispersion
   
3. 
   LQ and UQ are the central measures of location
   
4. 
   All of the above
   
5. 
   None of these
   

Question 5
If the min = 37, LQ = 48, UQ = 74, and max = 96, what is the IQR?

1. 
   59
   
2. 
   26
   
3. 
   -59
   
4. 
   -26
   
5. 
   None of these
   

Question 6
Stock A and Stock B have standard deviations of 25% amd 16%, respectively, while the stick C and D have variance of 81% and 36%, respectively. Which stock has the highest dispersion?

1. 
   A
   
2. 
   B
   
3. 
   C
   
4. 
   D
   
5. 
   None of these
   

Question 7
The export volumes of cotton, wheat, and rice of a country fort he years 2016-2020 are shown below.

	Cotton	Wheat	Rice
2016	32.4	54.7	121.4
2017	33.6	57.4	124.1
2018	35.1	60.4	130.1
2019	38.0	64.1	131.4
2020	39.9	66.6	135.1

What is the index value for year 2016 if you use the simple mean index?

1. 
   86.30
   
2. 
   89.29
   
3. 
   92.42
   
4. 
   96.93
   
5. 
   None of these
   

Question 8
When collecting data , consideration must be given to whether the data is

1. 
   Appropriate
   
2. 
   Adequate
   
3. 
   Unbiased
   
4. 
   All of the above
   
5. 
   None of these